GSA Capital Partners LLP bought a new stake in Jefferies Financial Group Inc. (NYSE:JEF - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 28,889 shares of the financial services provider's stock, valued at approximately $1,444,000.
Other large investors also recently bought and sold shares of the company. Alyeska Investment Group L.P. grew its stake in shares of Jefferies Financial Group by 422.0% in the 4th quarter. Alyeska Investment Group L.P. now owns 3,972,352 shares of the financial services provider's stock worth $246,167,000 after buying an additional 3,211,375 shares in the last quarter. Eminence Capital LP raised its position in shares of Jefferies Financial Group by 13.5% during the 4th quarter. Eminence Capital LP now owns 3,812,615 shares of the financial services provider's stock valued at $236,268,000 after buying an additional 454,054 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Jefferies Financial Group by 696.8% during the 4th quarter. AQR Capital Management LLC now owns 3,412,301 shares of the financial services provider's stock valued at $211,460,000 after buying an additional 2,984,055 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Jefferies Financial Group by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 2,942,554 shares of the financial services provider's stock valued at $182,390,000 after acquiring an additional 24,171 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Jefferies Financial Group by 2.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,666,097 shares of the financial services provider's stock valued at $110,015,000 after acquiring an additional 58,585 shares during the last quarter. Institutional investors own 60.88% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on JEF shares. UBS Group reduced their price objective on Jefferies Financial Group from $67.00 to $65.00 and set a "neutral" rating on the stock in a research note on Thursday, June 25th. BMO Capital Markets raised their price objective on Jefferies Financial Group from $42.00 to $60.00 and gave the company a "market perform" rating in a research note on Monday, June 8th. The Goldman Sachs Group reiterated a "buy" rating on shares of Jefferies Financial Group in a report on Friday, June 5th. Weiss Ratings raised Jefferies Financial Group from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday. Finally, Morgan Stanley increased their price target on Jefferies Financial Group from $44.00 to $50.00 and gave the company an "equal weight" rating in a report on Tuesday, June 9th. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $62.62.
Check Out Our Latest Analysis on JEF
Jefferies Financial Group Price Performance
JEF stock opened at $55.14 on Monday. The stock has a market cap of $10.68 billion, a PE ratio of 15.40 and a beta of 1.54. Jefferies Financial Group Inc. has a 12 month low of $35.53 and a 12 month high of $71.04. The company has a 50-day moving average price of $55.94 and a 200 day moving average price of $51.22. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.99.
Jefferies Financial Group (NYSE:JEF - Get Free Report) last posted its quarterly earnings data on Wednesday, June 24th. The financial services provider reported $1.02 earnings per share for the quarter, missing analysts' consensus estimates of $1.16 by ($0.14). The firm had revenue of $2.21 billion during the quarter, compared to analysts' expectations of $2.30 billion. Jefferies Financial Group had a return on equity of 9.23% and a net margin of 7.58%.The business's revenue for the quarter was up 35.0% compared to the same quarter last year. During the same period last year, the company earned $0.40 earnings per share. Equities research analysts anticipate that Jefferies Financial Group Inc. will post 3.71 earnings per share for the current year.
Jefferies Financial Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Tuesday, August 18th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Tuesday, August 18th. Jefferies Financial Group's dividend payout ratio is 44.69%.
Jefferies Financial Group announced that its board has authorized a stock repurchase program on Wednesday, June 24th that allows the company to buyback $250.00 million in shares. This buyback authorization allows the financial services provider to purchase up to 2% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its shares are undervalued.
About Jefferies Financial Group
(
Free Report)
Jefferies Financial Group Inc is a diversified financial services company that provides a range of investment banking, capital markets and asset management services to corporations, governments and institutional investors worldwide. Through its core platform, Jefferies offers advisory services for mergers and acquisitions, debt and equity underwriting, restructuring and recapitalization. The firm also operates a global sales and trading business covering equities, fixed income and foreign exchange products, complemented by equity research and macroeconomic analysis.
In addition to its capital markets franchise, Jefferies maintains a growing asset management division that delivers customized investment solutions across public and private markets.
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Want to see what other hedge funds are holding JEF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jefferies Financial Group Inc. (NYSE:JEF - Free Report).
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